Historic Office
320 SW 8th Ave Topeka, KS 66603
320 SW 8th Ave, Topeka, KS, 66603
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For Sale
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Constructed in 1915, this historic office building on two lots totals 0.42 acres in downtown Topeka.
Property Size16,592 SF
Lot Size0.42 Acres
Price / SF$37.67
Days on Market48
Property Features for 320 SW 8th Ave
General Information
- Standard status
- Active
- Size
- 16,592 SF
- Lot size
- 0.42 Acres
- Property subtype
- Land
Building Details
- Year Built
- 1915
Listing agency
Berkshire Hathaway HomeServices First, REALTORS
Listed by
Annie Foust · License #SP00237128
Source
Crexi
Added: Jun 4 Updated: Jul 21 at 4:01AM Checked: Jul 21 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices First, REALTORS
Investment Insights
Based on property information with market context.
Constructed in 1915, this historic commercial building totals approximately 16,592 square feet and offers a distinctive architectural character suited to a range of professional and community-oriented uses. The property sits on two lots totaling 0.42 acre and is located within OI-2 zoning.
The building is positioned downtown Topeka directly across from the Kansas State Capitol, placing it among major civic and office destinations including the Shawnee County Courthouse, Topeka City Hall, the Federal Courthouse, and multiple state and judicial facilities. The surrounding area also includes a mix of restaurants, coffee shops, professional services, and ongoing residential redevelopment.
With its downtown visibility and flexible zoning, the property can support uses including professional office, nonprofit, educational, governmental, event, mixed-use, creative workspace, or redevelopment opportunities, subject to applicable requirements.
The building is positioned downtown Topeka directly across from the Kansas State Capitol, placing it among major civic and office destinations including the Shawnee County Courthouse, Topeka City Hall, the Federal Courthouse, and multiple state and judicial facilities. The surrounding area also includes a mix of restaurants, coffee shops, professional services, and ongoing residential redevelopment.
With its downtown visibility and flexible zoning, the property can support uses including professional office, nonprofit, educational, governmental, event, mixed-use, creative workspace, or redevelopment opportunities, subject to applicable requirements.
Key Highlights
- Historic 1915 commercial building totaling approx. 16,592 SF on two lots totaling 0.42 acre in downtown Topeka.
- Directly across from the Kansas State Capitol, placing the property among major downtown government buildings.
- OI‑2 zoning with flexibility for uses including professional office, nonprofit, educational, governmental, event, mixed‑use, creative workspace, or redevelopment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.6k | $5.52 |
| − Vacancy | −$16.5k | −$0.99 |
| EGI | $75.1k | $4.53 |
| − OpEx | −$18.8k | −$1.13 |
| NOI | $56.3k | $3.39 |
16,592 SF · lease $5.52/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$804.7K
$704.1K – $938.8K
NOI $56,327 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$1.87M
$1.64M – $2.18M
NOI $131,010 @ 7.0% cap · market cap 20.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Constructed in 1915, this historic office building on two lots totals 0.42 acres in downtown Topeka.
Where is this office building located?
The property is located at 320 SW 8th Ave Topeka, KS.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Historic 1915 commercial building totaling approx. 16,592 SF on two lots totaling 0.42 acre in downtown Topeka.; Directly across from the Kansas State Capitol, placing the property among major downtown government buildings.; OI‑2 zoning with flexibility for uses including professional office, nonprofit, educational, governmental, event, mixed‑use, creative workspace, or redevelopment.
